House For Sale
£300,000
St. Andrews Drive, Skegness, Lincolnshire, PE25
Description
Jackson, Green and Preston are delighted to offer to the market for sale this substantial 3 storey semi-detached house which is located on St. Andrews drive a short walk from Skegness seafront with excellent local amenities, restaurants, bingo hall and public carpark. Skegness is a popular tourist resort with lovely beach and excellent visitor attractions including Skegness Pleasure Beach.
This substantial property has been converted to provide 7 studio flats and a large 2 bedroomed ground floor apartment, attached garage and ancillary utility/wash room facilities.
The property is currently vacant and would benefit from light refurbishment but once fully occupied we would anticipate this to generate an income of circa £38,000 per annum. This represents an investment yield of circa 12.6% at the asking price.
Available with NO "CHAIN" and a ready to go investment, this is not to be missed.
The property may also be suitable for conversion to other residential uses subject to necessary consent.